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is my favorite, midto feel summer. new year's eve is second. happy time of the jeer. >> andrea: i don't have any fun hot tub stories. >> kimberly: that you went to share. >> andrea: i actually like it. i used to not like it. inused to think it was totally overrated. i still kind of do, but i don't know. the last couple of new year's have been fun. i'm in to it. tonight will be a good night. >> greg: you remind me of the year i met john gibson in the steep room. hemmer was there. i think they drugged me. it woke up somewhere in new jersey without my pants. it's predictable. i don't likebe new year's eve. a stupid thing. arbitrary thing. why be reminded i'm one year closer to death. i don't need that. i prefer to sit home and watch reruns of "matlock" how you're supposed to spend it >>> medicated on over the counter cold medicines. >> eric: we each picked our favorite, not our favorite story, because it's happy, but the big story of the year. kimberly, kick it off. your big story of the year. >> kimberly: i thought it was the superstorm sandy. specifically, when we had the little bear h
♪ ♪ hey, i wonder why they're chasing that rig. i don't know; we better check and find out. ♪ ♪ ♪ ♪ ♪ hey, that's john medford in that rig. i don't recognize the men with him. they just seem to be talking. maybe it isn't any of our business after all. why don't you leave me alone, dude? i told you before: i don't want anything to do with you. why johnny boy, is that any way to treat old friends? ha! i just stopped by to have a friendly chat with you. might be very interesting if the president of the mineral city bank were to know that his most trusted casheer, john medford, is really john merideth, a jailbird and a murderer. i paid for the mistake, dude, and made a fresh start. heh. oh, johnny boy. you wouldn't want anything to happen to that nice little wife or kid of yours, would you? would you?! alright, what do you want? you already know that. this visit is just to make sure. have that bank vault open for us tomorrow when we come in. i won't do it, dude! you won't do it? well this is a sample of what you'll get if you don't.
and the personal side of fame. >> you see me as this star. i don't see myself like that. >> barbra streisand, the way she is, a funny girl. this is "piers morgan tonight." >>> people ask me who i would most like to have on my show as a guest one name pops up in my mind. she's a fabulous actress with a voice i believe is the greatest that's ever been. she's a humanitarian, activist, wife, mother and a funny girl. she is, of course, barbra streisand. i even got the name right. >> did you say bah-bra? >> i said barbra. >> i got the last name right. i said it in a very eng rich way. >> [ english accent ] by god, you've got it. >> i have come from watching your brilliant new movie "guilt trip." it reminded me what it would be like if i went on a trip with my mother. you and seth rogen go on a bizarre trip. you are the arche type of a jewish mother. a loving, touching film. let's watch a clip. >> i'm over here! honey. >> hey, ma. >> i'm over here. >> i see you. all of new york sees you. >> oh, my god. >> good to see you. >> look at you. >> look at me. >> oh, my god. you're wearing a sports jacket.
don't think guns should be part of the conversation. >> i think that's the one thing that will immediately make our children safe. >> is it the only thing? >> gun control, you could ban all dianne feinstein, do whatever she wants to with magazines, it's not going to make any kid safer. we got to get to the real problem, the real causes and tease what the nra is trying to do. i have peel all over the country calling me and saying, wayne, i went to bed safer last night because i have a firearm. don't let the media try to make this a gun issue. >> that's argument, it not fact. >> it is fact. >> a feeling is not fact. a feeling is a sense of reassurance, that's not what you're presenting. let's talk more specifically about what you're talking about, armed guards in school. there are successful examples. fairfax county, virginia has armed officers. there are examples where it hasn't worked. the columbine tragedy, it doesn't stop the tragedy. >> there were armed guards there and they didn't go in. they were under orders that if something happened they were to call the polic
. and then, you know, i don't think we've run this bite enough. >> tim geithner told steve liesman. >> i have it ready. >> that he is we should show it multiple times. >> tt is the administration prepared to go over the fiscal cliff? >> oh, absolutely. there's no prospect to an agreement that doesn't involve those rates going up on the top 2% of the wealthiest -- remember, it's only 2%. and all of those americans get a tax cut on the framework of the first $250,000 of their income. >> yeah, yeah, you still get the 250, andrew. they love that. what does oh, absolutely mean, bob? >> maybe it means his favorite movie was "rebel without a cause." >> go the. >> i guess it's letting the other side know you're willing to go eyeball to eyeball with something that is terrible. >> i see both sides pretending to say, yeah, we're doing all we can, but it's almost just like this -- like boehner just said, hey, you guys, you happen, in the democratic-controlled senate, you put a bill together. i'd love to consider it. he can't get his guys to consider a democratic bill. >> as long as they feel like they ca
to barbra streisand's website for all things barbra. don't wait so long next time. it took me 47 years to get you in front of me. >> really? >> i'm 47. >> lovely to see you. >> nice to see you. >> the great barbra streisand. >> lovely to see you. the great barbara streisand. >>> hello, i'm don lemon, let's get you up to speed now, a shocking number of dead and wounded today in a small village in syria. look at the street covered with bodies and terrified survivors. witnesses say people were standing in lines for bread when a syrian military jet bombed the bakery where they were waiting. more than 100 people were reported dead. that number may go way up as night goes on. a full report from the region in just a moment here on cnn. >>> nine days left before you face a new year with higher taxes. apparently a fiscal cliff solution is not wrapped up as a gift under your christmas tree. lawmakers are home for the holidays. house speaker john boehner is in ohio, president obama is in his native hawaii. you'll hear about a last ditch effort that may happen after the holiday. that story just a
. they don't get the intercourse. how many people are fans of red eye? [cheers and applause] this whole unicorn thing got out of hand. the reason why i was talking about unicorns in the beginning of the show was i thought it would be weird i if it middle-ad man was obsessed with something a teenage girl would be. and i thought as a conservative, libertarian it would be interesting to create like false narratives about you that would throw off the left. if you assign certain kinds of behaviors to yourself, they don't know what to make a the. i learned this when i was at the "huffington post" that i created this whole false story about me that i did with this guide -- flight instructor named scott. he was never home. [laughter] they would be some kind of weird stench in the basement. i wrote this up because the left was used to dealing with somebody who was messing with them. in the world of left and right, the right was always what i would call the dean wormer. they been from animal house. they delighted in the. my goal in life is to switch that, and i don't need any help because the lef
of over 150,000 american men and women in my hands. i don't want to make a mistake. i'm human, and i recognize that i might. and i worry about that. regardless of the outcome, if when this whole thing is over i can say to myself, you gave it your best shot, then that's got to be enough. >> good morning. it's he friday, december 28th. on set with us the co-host of "sfreet signs" is brian sullivan who just showed up here. president of the national action network is rev raend al sharpton and fortune editor lee gallagher in washington, vice president and executive director of msnbc.com. that was general norman swa schwartzkopf you saw on your screen who passed away yesterday. i have a lasting memory of general schwartzkopf who served in the war in vietnam as well as leading gulf storm one. there was a woman from iowa. her name was peg mullen. she wrote a book about the death of her son, michael mullen. the name of the book was "friendly fire." norman schwartzkopf was the battalion commander. he was so approachable to peg mullen, so human in his relations with peg mullen, who sought to fi
this mean for the fiscal cliff discussions? >> well, i don't think it really means a whole lot. i think it is -- sort of the white house's way, treasurer's way, of putting extra pressure on the people in the building behind us. by the way, none of them are there. i'm not sure that's really going to work, frankly. and -- i -- john, our colleague john harwood is exactly right. this is not a surprise. we knew this was coming. the question that it is, you know, three days -- thee business days, as you say before, the actual deadline itself, that's disconcerting. but -- again, it is not surprising. i don't think it has any -- will peak the negotiations at all, frankly. not at all. >> what about the secretary's use of this phrase -- the country would otherwise default on its legal obligations. i think he purposefully use this phrase default to confuse the public and -- during the last debt ceiling debate we had the same confusion as if the u.s. government would not pay interest on its debts. have -- you know perfectly well will is about a million things. i have been in the country where they
... i was shocked. i--it was--i felt like my head exploded. i mean, i don't think if he had told me he was an alien i could've been more surprised. he said that the firm had liabilities of $50 billion. it never occurred to me that his business had anything like that kind of-- anything like that under management. it was--it was shocking. >> your mother, what was her reaction? >> she looked-- she looked shocked. she asked, "what's a ponzi scheme?" was her first question. she didn't even understand that. i think it was me who answered and said that it means that it's all fake. that dad's--you know, is-- he's not been doing what he says he's been doing. and he followed that up and said, "yes, i've been lying to all of you all of these years. i've been lying to everybody. i've been lying to myself," he said. >> and your brother? >> my brother was trembling with rage. he was absolutely furious. mark was the first one to stand up and said, you know, "i'm out of here." and he stormed out of the room. and i immediately followed him and walked out. >> you know, there's a lot of people out there
raise taxes above $250,000, and talk about spending cuts later. i don't see how that will ever get through the house. isn't that where we started? >> at this point, who is going to vote for that? once you as a republican vote for that, how do you have leverage later on ever in the negotiations? >> i think that sets up if they get the basic plan through the senate on democratic votes only and send that plan to the house, what that sets up is a failure of the plan in the house, because that's not something republicans said they could support in the past. what that would do you do is set up a situation where democrats are daring republicans on the last day of the deadline to vote against a solution. that could be tricky for them. a lot of republicans say we are not going to give in on the issue of raising taxes without the equivalent spending cuts on the other side of the deal. >> to not bring one face-saving -- one face-saving bone when it comes to spending cuts, i don't see how you get there. >> presumably, they are trying to hammer out that detail along with others in the potential
long were you at -- you were at prudential. >> it's owned by prudential, so i've been at peru don'tal for almost 15 years now. >> widely quoted. you know who has made a comeback is ralph -- >> akampora. >> i've seen him around. do you remember his nickname? >> i don't. >> whatever you think of him, he's a great guy. >> he's a good guy. >> ed is going to try to make us slightly -- >> be a little sensitive. let's get you some some of the morning headlines. the biggest one being president obama planning to meet with congressional leaders at 3:00 p.m. eastern time today in a last ditch effort to avoid the fiscal cliff. the house majority leader eric cantor is now telling members to be prepared to work through january 2nd. both sides still far apart, however, on taxes and spending cuts. senate majority leader harry reid says prospects for a deal by monday are still unlikely. there was a lot of movement, motion for not a lot of action. >> where were you yesterday? >> i was here. we were together. >> were we ever with our -- no. but there were duelling senate leaders just -- first mcconn
-term horizon. but long-term losses don't magically turn into long-term gains if you wait long enough. making money over the long goal is the only goal in this game butch it's also become the alibi for short-term losses. that kind of think will go only make you a worse invest oorks not a better one. before i can teach you how to invest for the long term, i have to disabuse you of all of the long-term al i buys that have been fed to you. at what points do you need to cover your ears e and tie yoursf to the mass so that the you won't listen to the conventional wisdom and end up steering your portfolio on to the rocks? first and most important, long-termnvesting is not the same as simply owning stocks for a long time. in other words, don't confuse being a good investor with the idiotic ideology buy and hold as i dub itted it buy and forget. this one bad idea has lost people more money than the last two financial crises combined. and just because the losses are unrealized, it doesn't make them into gainers or even potential gainers. losses are losses. realized or otherwise. and the notion of bein
-- >> translator: but i will get to that answer, please. don't be in such a hurry. >> do you trust ahmadinejad? >> not on this i don't. >> the word peace is almost become fashionable. >> headline makers. >> this is much more important than any election. >> if the president didn't know exactly what happened, he sure as hell should have. >> candidates -- >> i was the perfect candidate for america. >> what if mitt romney isn't the best person. >> the idea that somehow making a business profitable is different than helping people is really a foreign idea. >> and more. >> it's ridiculously easy for someone to purchase a gun. >> do you think homosexuality is a sin? >> i think that it's -- it's -- it's unnatural. >> did you get up this morning and have a quick -- >> i probably did, i probably did. >> "piers morgan tonight: the newsmakers" starts now. >>> good evening. one of the great things about my job is that every night i get to sit down with movers and shak s shakers, the men and women at the center of the biggest stories of the year. what do they have in common? they're all utterly fascinatin
lives. may he rest in peace. we'll see you tomorrow. don't forget to check out my blog on the "washington post." now it's time for lawrence o'donnell. have a great night. >>> ovh, i guess it is showtime. i'm actually trying to finish my christmas shopping. a little bit behind, but, you know, on-line shopping, it will get done. plenty of time to do it during the commercial breaks. let's do this show. with only three business days left until we go off the fiscal curb, says the teleprompter, republicans and democrats are exactly where i always thought they would be. not even close to an agreement. >> christmas is over and most people have the day off. >> we have a dysfunctional congress, but the politicians are still pretending to work. >> people don't like congress. >> it is up to the senate to act. >> harry reid is working on legislation. >> harry reid, the congress and the president. >> the president is cutting his hawaii vacation short to deal with the fiscal cliff. >> really, it's kind of like falling down stairs. we have a dysfunctional congress. >> speaker boehner n
and we don't be what that will be and we should get more clarity on that tomorrow if there is, in account fa, a meeting at the white house we might find out what they're hammering out behind closed doors. >> thus far, democrats have refused to do any meaningful entitlement reform and republicans have refused to do anything related to taxes. we both know each side wants a piece of the other to do those exact things and both sides still refuse. is there anything that means those two factors have changed. >> we saw it on the stock market today and we saw the wild swings as news developments happened throughout the course of the day. it impacted the market throughout date and if that continues that kind of pressure from the outside could really put some force on these members of congress to come together for a deal. the closer we get the more pressure from the outside they're going feel and i think it makes it easier, not harder to get a deal in the last 48 to 24 hour space lot of folks have said that's the sweet spot for a deal anyway and there's another group that says we're going over this
. i don't see myself like that. >> barbra streisand, the way she is, a funny girl. this is "piers morgan tonight." >>> people ask me who i would most like to have on my show as a guest one name pops up in my mind. she's a fabulous actress with a truly iconic voice, a voice that i believe is the greatest there's ever been. she's a humanitarian, a political activist, a wife, a mother, she's a funny girl. she is, of course, barbra streisan i even got the name right. >> did you say bah-bra? >> i said barbra. >> i got the last name right. we had dinner today, and you kept lecturing me. streisand. >> [ english accent ] by god, you've got it. >> i have come from watching your brilliant new movie "guilt trip." the reason why i loved it, it reminded me exactly what it would be like if i went on a road trip with my mother. it's you and seth rogen. you go on this bizarre, crazy road trip together. you're the archetypal jewish momma, and he's the archetypal only son, and chaos ensues. let's watch a clip. >> hey, i'm over here. >> hey, mom. i see you. all of new york sees you. hey, there. hi,
could reduce the carnage in a situation like newtown? >> i don't believe that is going to make one difference. >> why are some gun owners rooting for gregory to be locked up? should a new york newspaper published a map showing the homes of gun owners. the media in the middle of a debate. tomorrow is the last day to avoid what the press has described as an almost apocalyptic outcome. >> to avoid the fiscal cliff -- >> if we go over the fiscal cliff -- >> try to avert the fiscal cliff. >> the clock ticks down to the so-called fiscal cliff. >> closer than ever going over the fiscal cliff. >> the fiscal cliff negotiations are going no where. >> president obama may not have gotten a fiscal cliff deal, but keeping up the media pressure this sunday morning with an interview op"meet the press." we'll take a look. >>> from the david petraeus scandal to the trayvon martin tragedy. the media's performance in 2012, we'll have a report card. i'm howard kurtz and this is "reliable sources." >>> it was a striking moment when david gregory brandished that high ammunition magazine last sunday so mu
of all the animals. "cnn newsroom" continues right now with don lemon. hi, don. >>> hi, suzanne. thank you very much. i'm don lemon. brooke is off today. the eyes of the world are focusing now on the white house. within the next hour, congressional leaders will begin to arrive for what is likely to be a very tense meeting with the president. this is perhaps the final effort to avert the tax increase that is expected to cost the average family several thousand dollars a year. four days remain to reach an agreement, get it passed by the house and the senate and signed into law by the president. we're talking a long shot here. now, want to show you the players. president, there in the middle, democrats nancy pelosi and harry reid. republicans mitch mcconnell and john boehner. those four members of congress are expected to make the drive from the capital, which you see on the right, down pennsylvania avenue, to the white house, there on the left. and we expect them to enter through a side door on the west side of the mansion. that's the entrance right there. and they'll meet with the presi
with after the first of the year, we don't get a deal in the next 24 hours, we can make adjustments there, but remember, the funding at the pentagon, without the wars, has doubled in the last ten years and it's a, you know, over 600 billion right now. so, 50 billion out of 600 billion, that's not even 10%. so, i really think we have is to keep perspective. these cuts aren't permanent, we can adjust them after the first of the year, i think we can make adjustments after the first of the year if we don't get a deal, still hopeful we get a deal if we don't, all of us know we can make adjustments. >> senator, thank you vet. i appreciate it. still hopeful, what senator mccaskill just said, martin, i can tell you, as i said, many of the colleagues coming out of the meeting, wrapped up right in there did not have that same assessment, see what happens, back to you. >> dana bash, thank you very much. >>> let's turn now to maine senator olympia snowe. she says it is time to talk about spending cuts and not limit the talk to just the tax hike question. senator snowe joins us now. let me start by as
fault. take a listen to what he had to say. >> not because democrats and congress don't want to go ahead and cooperate, but because i think it's been very hard for speaker boehner and republican leader mcconnell to accept the fact that taxes on the wealthiest americans should go up a little bit and as part of an overall deficit reduction package. if folks can't say yes to good offers, then i also have an obligation to the american people to make sure that the entire burden of deficit reduction doesn't fall on seniors who are relying on medicare. >> now, one of the questions in the days ahead will be whether or not this strategy back fired because republican leaders on the hill had their feathers ruffled by the fact that the president seemed to be blaming them. and speaker john boehner saying he should spend more time negotiating, why are you on tv while mitch mcconnell is working with harry reid to troy to get a deal. the president's point was if they do not make any progress on bipartisan talks in the senate since the clock is running out he wants a straight up and down vote on the sena
halfway. more than 50%. they don't want to work with us together. he is coming off strong, coming off the supporters, sticking to his position that he pledged to them with the campaign promises. what looks like house in disarray is boehner's house. >> bob: swy j to hear from greg. he's sitting on the edge of his chair. >> kimberly: he is medicated. >> greg: this is so boring. maybe i speak for a small percentage of the audience but this is boring and upsetting. we know the outcome. president obama set up republicans. going over the cliff is like a water slide. defense cut and high taxes. all that misses is the free transgender surgery. you the utopian liberal dream. >> kimberly: you know it. >> greg: biggest thing for me is how obama is obsessed with the 2% he is on class warfare disability. he no longer sees the big picture, which is the economy. can economy is going to hell. he is ahab and the whale is the wealthy. priorities of a stalker. out to eradicate the successful. to me, that is the real achievement of the administration is the eradication of achievement. eliminate successfu
not historically been a lucrative strategy, and i don't see any reason why that should change. there are a handful of incredibly professional short sellers, hats off, able to turn pessimism into profits but i don't recommend trying to follow in their footsteps at home. i never recommend short selling on this show because it's more risky than being long which is authentic wall street gibberish for owning stocks. just a basic question of arithmetic. let's go lieu it. when you short a stock or bet against, it right, as best that stock goes to zero and you have a 100% gain. double at worst, it could never stopng . and you could lose 200, 300, 1,000%, theoretically lose an infinite amount of money. when you own a stock the situation is reversed. the most you can lose is 100% of your money. we've seen ten baggers around here. ask anyone who bought apple near the generational bottom back in 2009. when it pulled back to less than 100 bucks, held on for the next three years, they snagged a 5850% return. ♪ hallelujah >> i'm not telling you to be so afraid of what could go wrong you'll pass up on that kind
york. we don't have to get on an airplane. >> sold out at the blue note. two shows a night. 21 nights in a row. come down. shows are 8:00 and 10:30. there are usually a couple seats left because people can't make it to new york at the last minute but call the club or whatever. very, very famous legendary jazz club the blue note. >> usually room at the bar. >> there's always room at the bar. >> we'll see you in an hour for the closing bell. thanks so much. >> thanks, bob. speaking of the market shortened session one more hour. let's head over to maria at post 9. >> thanks, carl. hi everybody. welcome to the closing bell. i'm maria bartiroma at the new york stock exchange. no, your watch is not wrong. the closing bell ringing three hours early today at 1:00 eastern for christmas eve. hi, bill. >> hey, maria. i'm bill griffith here at cnbc world headquarters. a down day not terrible, light volume as you might imagine on this half day. the dow down about 40 points right now. 46-point decline at 13,144. all the other major averages lower as well. the nasdaq at this hour down about ten poin
. >> thanks, don. >> stories that captured attention this year. crime, politics, money, the most scandalous stories of the year. the top 10 of 2012 tuesday night, christmas night at 7:00 eastern right here on cnn. as i said yesterday, i know you'll like it. i'm anchoring it. that's a joke. don't take me seriously, y'all. it is a good show. i'm don lemon at cnn headquarters in atlanta. see you back here at 10:00 p.m. eastern. "tough decisions," a fareed zakaria special begins in four seconds. >>> the great french writer albert camus said life is a sum of all your choices. we are all defined by the decisions we make every day. we make hundreds of them. paper or plastic, chicken or fish. most are mundane and require little thought, but others are agonizing, often life-altering. then there are the decisions made by leaders. some of which have changed the course of history -- for better and some for worse. july 1776, the american founding fathers' decision to declare independence. january 1863, abraham lincoln's decision to emancipate all persons held as slaves. june 1941, adolph hitler's decisi
get, don't you see? cause c-max has lots more horsepower than prius v, a hybrid that c-max also bests in mpg. say hi to the all-new 47 combined mpg c-max hybrid. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. >>> today the head line was this. that linked to the democratic senator website which featured the summary of legislation proposed and manufacturing of military style assault weapons the legislation of hand guns, national fire arms packed with background checked and today the la times, guns pour in at la buyback events. by the afternoon, the event had surpassed the 173 guns last year and officials were scrambling to get more gift cards. what motivated me was the conn
, and they said, "no, you don't understand." they said, "we specifically picked you out." >> he said, "from then on, i realized that i was not just abandoned; i was chosen. i was special." and i think that's the key to understanding steve jobs. >> another factor was geography. jobs grew up in northern california not far from palo alto. he was a gifted child who tested off the charts in a neighborhood populated by engineers. >> you know, he was raised in a place that was just learning how to turn silicon into gold. it had not yet been named silicon valley, but you had the defense industry; you had hewlett-packard, but you also had the counter-culture of the bay area. that entire brew came together in steve jobs. he was sort of a hippie-ish rebel kid, loved listening to dylan music, dropped acid, but also he loved electronics. >> jobs would eventually cross paths with a computer wizard at berkeley five years his senior named steve wozniak. they became fast friends, sharing a love of high-tech pranks and a disdain for authority. one of the things they did was to copy and improve an illicit dev
. and the marks don't like it at all, 158 points now tanking and falling further in the after market and we'll have to see how asia opens on monday. it could be ugly. the headlines are falling fast and furious. we're all over it "the kudlow report" starts right now. >>> welcome. i'm michelle caruso-cabrera in for larry kudlow. a lot happened in just the last couple of hours. >> michelle, there's considerably more optimism after the white house meeting between the president and the four bipartisan leaders than there was earlier in the day. mitch mcconnell and harry reid say they're going to come out and try to hammer out a bipartisan deal that can pass the senate with enough republican votes to convince the house to act and even president obama who had been concerned that they were not going to act and challenging them for an up and down vote said he was optimistic. here's the president after that meeting. >> i just had a good and constructive discussion at the white house with senate and house leadership about how to prevent this tax hike on the middle class and i'm optimistic we may still
that would be $400,000 or $500,000, but some republicans are saying they don't think that the tax rate should go up on anyone. so taxes still the major sticking point. right now the negotiations are going on the hill and there's a lot of optimism that came from the talks yesterday. of course, president obama hosted congressional leaders at the white house and they left that meeting and many said that it was constructive and they were optimistic that a deal could get done and i've been talking to my sources today and that same optimism isn't really present right now. there's more skepticism about a deal getting done and it is still very early in this process and this is a fluid situation so it could change on a dime, but that's what's going on behind the scenes and the white house monitoring clearly, what's happening. >> what's the president doing today? >> reporter: well, he doesn't have any events on his public schedule and he does have an industry with david gregory from "meet the press." other than that, we don't have a readout of what's happening and we're hoping to get more information a
trying to deflect attention on to me and my colleagues over the past few weeks is that they don't have a plan of their own that could get bipartisan support. the so-called senate bill that the majority leader keeps referring to passed with only democratic votes and despite the deep calls for the house to pass it, he knows as well as i do that he himself is the reason it can't happen. the paperwork never left the senate. there's nothing for the house to vote on the as i pointed out before we took the vote back on july the 25th the democratic bill is, quote, a revenue measure that didn't originate in the house so it's got no chance whatsoever of becoming law, end quote. that's what i said back on july 25th. the only reason we ever allowed that vote on that proposal, as i said at that time, was that we knew it didn't pass constitutional muster and that democrats were really serious they would proceed to a revenue bill that originated in the house, as the constitution requires, and as i called on them to do again last week. to repeat, the so-called senate bill is nothing more than a glorif
are beginning a campaign, i don't know how large the campaign is going to be, to have inscribed on some of the sleeves that go around their coffee to make it easier to hold, going to write "come together" in a message to politicians in washington, and you know, if coffee can't unite people, what can? >> let's hope. the clock's still ticking. john harwood in washington, thank you. >>> what are the chances that a deal can be reached this week? jonathan allen is a senior correspondent at politico. welcome. you just heard john harwood say that there are some rumblings that there might be a 50/50 chance of a so-called mini deal that would do something to avoid the sequestration and avoid the worst of the tax hikes. is that what you're hearing? >> that's how bad it is. we're down to a 50/50 chance of a mini deal. for two years the president and the congress together collectively and also individually essentially abdicated their leadership on the budget. i don't know why anybody would necessarily expect that to change over the next two or three days so the best you could hope for is a little b
options carefully considered? >> they were. there were really several options. they said don't act because the evidence isn't strong enough. and the risks are too high. we can go through that, have a stand-off attack. work jointly with the pakistanis on an operation or have a unilateral raid. at the end of the day, the reason the president did the unilateral raid, the reasons were severalfold. number one, it allowed certainty that there wouldn't be a debate after the operation as to whether or not in fact osama bin ladin had really been taken out. we would have proof. we wouldn't have bought the united states a propaganda war around this. second, it allowed us to limit the potential for casualties of noncombatants. we discovered obviously during the course of the raid that there were close to two dozen noncombatants at the compound. three, it allowed us to limit casualties with respect to people around the compound, completely innocent. and the president had confidence in that option for this reason. although it was 50/50, let's say. there was only a circumstantial case. he had 100% confid
on the major indices, puts on the dows or puts on the spiders. i don't know anything about gold. if i'm forced into a hard asset, would i rather look at silver, but in bonds, i think the risk in bonds is extraordinary, but i'm not a bond guy, so it's a little prejudice, but that's a dangerous play to me. >> see you later. all right. here we go. we're going into the last hour here as we wrap up the trading week near the lows of the day and of the week, down 142 points. stick around. we may hear something out of this white house meeting during this second hour of the "closing bell" which gets under way right now. >>> and welcome back, everybody, to the "closing bell." i'm mandy drew i sitting in for maria bartiromo. lots of drama in washington. congressional leaders have arrived at white house. they arrived there about an hour ago with three days to go before we go over that proverbial fiscal cliff. they are meeting with the president and the treasury secretary timothy geithner, and they are trying to hash out a deal. but reports that the president has nothing new on the table has ended up spook
don't think any political figure would want to make that sort of decision to have him go home and live the rest of his days out on bed rest, but i just want to throw out there that his father is rumored to have lived over 100. and mubarak is still in his mid-80s. so this is a man who has longevity in his family. >> all right. ian lee, thank you very much. appreciate it. >>> president obama back in washington today to tackle the so-called fiscal cliff. he landed about 30 minutes ago. you see him getting off of the air force one. the president shut his vacation short do deal with this economic crisis. according to a tweet from a white house spokesman, the president spoke with all four congressional leaders before leaving hawaii for washington, and the senate is reconvening today. now the automatic spending cuts and the tax increases that make up the fiscal cliff, they're set to take effect in just five days. much more on the fiscal cliff crisis, the effort to reach some kind of agreement later this hour. we're going go live to capitol hill for the latest as the senate returns to work. th
to want to try and give that deal a chance. that may be what's happening right now. of course, we don't know. i think right now, no news might be good news. we snow senator mcconnell's been in his office for more than hour now working with his staff. senator reid is not here yet. it does seem like the republicans are perhaps either working with other republicans or working out the details of this possible deal. i think we're in the real working hours right now, and perhaps the less said by these major players at least for the moment, the better. >> the yes, well, let's hope that's the case. jessica, both sides still seem to be aways from what they want and everyone seems to be saying no one is going to get 100% of what they want, right? >> it's a compromise. everybody knows that at this point. i know the staffs of the two leaders are in touch and contacting each other trying to get closer. i can tell you what democrats want is, as you know and the president has made clear, a tax increase for people who make households that make $250,000 and more. an extension of unemployment benefits
speaker? >> we don't know. right now, all eyes on the senate to see what senate majority leader harry reid can cobble together to get some republican support. technically, it's still possible to come to an agreement. that said, politically is a different story, and the prospects for coming to a deal are starting to dim. right now, we're hearing a whole lot of the blame game. a lot of public posturing from both sides as they prepare for the possibility of going over the cliff. let's listen to harry reid. >> we are here in washington working while members of the house of representatives are out watching movies and watching their kids play soccer and basketball and doing all kinds of things. they should be here. >> now, the speaker of the house, john boehner, sort of retorting to reid, ali. in a conference call he said the leaders should do more -- or pardon me. less talking and more legislating. he wants the senate to take up a bill that the house has already passed to extend all rates and either take it up in whole or amend it. amending it, and changing that threshold down to closer to what
this holiday, if sales don't meet expectations? well, is that good for online merchants? william blair said amazon has increased discounting this year. quote, amazon's consumer proposition appears incrementally stronger versus walmart and target. amazon's prices are 2% lower than walmart brick and mortar prices when you factor in amazon shipping costs and 5% lower than walmart.com. amazon prices are 9% lower than target and 10% than target.com. they think target may be losing its edge on pricing. however, if you're shopping on amazon today, for anything other than a gift card, melissa, i don't think you're going to get it in time for christmas. back to you. >> yeah. really? there are only two employees in that macy's? macy's across the country have been continually open for the past day into christmas eve. >> earlier i did see two shoppers. no, that guy's stocking merchandise. no, that's not a customer. we can't go in from this side. >> he doesn't leave the store? >> this woman's dusting back here. i mean, i don't know, they're all working. they're all getting paid. they all get to be here
class war fare. >> you chose to start the debate with it, don't blame somebody else. >> i'm the turtle. >> well, if you don't run chris christie, romney will be the nominee. >> if men are from mars and women are from venus? is mitt romney from jupiter? >> planned parenthood, going to get rid of that. >> i love you women. >> back in my days, they used bare aspirin. >> if it is legitimate rape, the body shuts down. >> history will be made at the supreme court. >> the individual mandate is constitutional. >> this is the decision, a fascinating rape. >> i know the debate. >> the republicans thought they were going to win. >> i think roberts found the answer. >> when we look back, we'll be better off. >> governor romney is caught on tape. >> the shocking tape from romney. >> it is not elegantly stated, let me put it that way, speaking off the cuff. >> in his words, nearly half the country will never take personal responsibility for their lives. >> it is not elegantly stated. >> if i were a rich man ♪ ♪ ♪ ♪ ♪ dumb, dumb. >> people want to know who is going to win, who is going to s
of you for coming here this afternoon and thank the boston book festival for having us. don't they do a nice job? isn't this a terrific eventsome. >> yes. [applause] >> let's also thank the plymouth rock foundation for sponsoring this particular session and say that without their generosity, it would be hard to put on events like this that add to the cultural life that we all enjoy in this great city. so so thanks to them. [applause] and in a way that's what we're here to talk about this afternoon, the triumph of this city and all the cities, the triumph of the city, that's the title of harvard economics professor ed glaeser's book. it's about what's made cities around the world great, about the challenges that they have had to overcome and still face. we're going to talk about b that in a few minutes in the special context of this city with our panel, and we'll take questions from you as well later. but, first, to launch us off with a presentation, here's the author, professor ed glaeser. [applause] >> thank you. thank you, bob. and thank you all so much for being here. i'm so enormo
in hours, days, weeks ahead. we will get a semi-balanced small agreement. mr. speaker, we don't have a trillion dollar debt because we haven't taxed enough. we have a trillion dollar debt because we spend too much. that was ronald reagan in 198 # 2. president reagan led america out of recession. history has a way of repeating itself. somehow washington never gets the message. >> president obama said he would push for a bill that would actually -- what it would do is include a renewal of the unemployment extension of the bush tax cuts for middle class americans who make less than $250,000 a year. some of us will be watching the ball drop in times square. we may hear the gauntlet drop on capitol hill. live in the newsroom. back to you. >> thank you, derek. >> we are also counting down to 2013. hundreds of thousands of people will bring in the new year in times square. organizers have been planning all year for the ball drop. wendy gi jlet has a look at the preparations. >> more than 2,000 pounds of confetti are in place. >> that's fantastic. >> ready to be thrown out by hand from build
anything at all to do with this. o> well, we don't think they eave. >> scheiffer: you see no responsibility. >> you know, we're living in a country, a free country which ntryle have a right to exercise their second amendment rights. we're living in a country where in the last few decades as gun ownership has increased, violent crime has fallen. thoughe have, though, in this ,ountry are, and in any country, f percentage of people who are, frankly, either evil or crazy. >> glor: the nra says existing gun laws are not being enforced. orgaret brennan has more on what the group would change, and the reaction. >> reporter: the nra is arguing for the creation of a national database of the mentally ill to prevent them from buying weapons. the nra is also lobbying to put armed guards or police in e hools. >> itsive vice president wayne lapierre. >> if it's crazy to call for putting police and armed security in our schools to protect our children, then call me crazy. i'll tell you what the american people-- i think the american people think it's crazy not to do it. gun control laws. in a cbs news pol
the fiscal cliff. he promoezed that we don't tax -- no tax increase until $400,000, instead of $250,000. he proposed -- he said he would be willing to go with the republican demands for entitlement cuts cutting colas on social security which i think is obnoxious and will not vote for under any circumstances. he made a lot of concessions, too many. the republicans showed, though, when they voted against cutting taxes for 99.8% of americans, because they wouldn't allow taxes to go up for people above $1 million, they showed that it's very difficult to do business this w them. >> you said the president made too many concessions. >> i think so. >> were you more a fan of the $250,000 and less than that or -- >> i'm more of a fan of the $250,000 but mainly, mainly i would not vote for a nickel in -- under any circumstances for a nickel in cuts to social security benefits. >> so when we look at that and there are those on the right that say i won't vote for a nickel in revenue and then you coming on saying i won't vote for a nickel less than what people are getting -- >> on social security. that's
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